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by thanksgiving 3244 days ago
Slightly off topic but I think transaction fees should be as close to zero. No, I am not talking about lightning. If we need to start fresh and design a new system that allows it, I am all for ditching Bitcoin altogether as well. It will have served a purpose in that we have learned a lot.

To me, low transaction fees is more important than even anonymity or decentralization. My understanding of the problem is that we need to somehow encourage everyone to run a full node. We've decided a transaction fee that goes to "miners" is a good way to do that.

Well, my problem is that now miners want higher transaction fees. We have inherently opposite goals and as such I cannot be allied with miners at all.

1 comments

Then make something else. Bitcoin is not designed to be a low/zero transaction fee system. It makes clear architectural choices in support of decentralization at the expense of scalability. Don't destroy bitcoin because you wanted something else.